If you see 8 out of 10 people are bullish for a stock, look for bearish possibility. See what that remaining 2 people are doing and be more biased towards the remaining 2.
Example?-
Remember what majority of people where predicting when reliance was near 1300 level? Reliance will make new high, right? Well, here is the chart.
Why I am saying this? because, the new learners follow majority of people and say yes even I am thinking this 'abc' stock is bullish and I agree with you and as soon as they buy a stock, it turns down against the majority of people. Well, if you are a new trader then you ain't getting money easily. Work more hard. The traders have put in the money and your desire to win the money belongs to other traders, remember this. And they have no intention to give you. So do what minors do. Good luck.
Thank you.
Example?-
Remember what majority of people where predicting when reliance was near 1300 level? Reliance will make new high, right? Well, here is the chart.
Why I am saying this? because, the new learners follow majority of people and say yes even I am thinking this 'abc' stock is bullish and I agree with you and as soon as they buy a stock, it turns down against the majority of people. Well, if you are a new trader then you ain't getting money easily. Work more hard. The traders have put in the money and your desire to win the money belongs to other traders, remember this. And they have no intention to give you. So do what minors do. Good luck.
Thank you.
Commento:
were* predicting